The Morning After: Wednesday, December 13th 2017

Tencent sunk $330 million into Epic Games, owns nearly half of studio

Back in June, Chinese company Tencent Holdings purchased a minority stake in Epic Games, but it turns out that stake is substantial. Tencent snatched up 48.4% of Epic Games shares last year – that comes to around $330 million invested – and even has the right to nominate individuals to Epic Games' board of directors.

"Since the Group has the right to nominate directors to the board of Epic Games, Epic Games is accounted for as an associate of the Group." This is all laid out in Tencent Holdings' 2012 financial report, available as a pdf document through the source link below. Epic Games was the second US gaming investment from the Chinese outfit following its acquisition of Riot Games in 2011.